Wellington Management Group LLP Sells 247,471 Shares of Wintrust Financial Corporation $WTFC

Wellington Management Group LLP cut its position in Wintrust Financial Corporation (NASDAQ:WTFC) by 29.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 584,881 shares of the bank’s stock after selling 247,471 shares during the quarter. Wellington Management Group LLP’s holdings in Wintrust Financial were worth $94,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Wintrust Financial during the 2nd quarter valued at $27,000. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial in the first quarter worth $27,000. Elyxium Wealth LLC bought a new stake in Wintrust Financial during the fourth quarter valued at $31,000. Creative Financial Designs Inc. ADV boosted its stake in Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after buying an additional 160 shares during the period. Finally, Harbour Investments Inc. grew its position in Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after buying an additional 101 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Wintrust Financial news, COO David A. Dykstra sold 13,515 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the transaction, the chief operating officer directly owned 166,449 shares in the company, valued at $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.24% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Brean Capital lowered Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price on the stock. in a research note on Tuesday, July 21st. UBS Group reissued a “neutral” rating and set a $170.00 price objective on shares of Wintrust Financial in a report on Tuesday, July 7th. Piper Sandler set a $186.00 price objective on shares of Wintrust Financial in a research report on Wednesday, July 22nd. Truist Financial raised their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a research report on Monday, June 29th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $177.77.

Wintrust Financial Trading Down 1.1%

Shares of WTFC stock opened at $148.74 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $159.23 and a two-hundred day moving average price of $151.04. Wintrust Financial Corporation has a 12-month low of $119.61 and a 12-month high of $167.21. The firm has a market cap of $10.04 billion, a P/E ratio of 11.95 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating the consensus estimate of $3.15 by $0.15. The firm had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.78 EPS. Equities analysts anticipate that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $2.20 annualized dividend and a yield of 1.5%. Wintrust Financial’s dividend payout ratio is currently 17.67%.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.